Rosneft BOD approved provision of the 3-year interest-bearing loan to Itera NGK for investment activity, the company informed.
61.199bn rub. will be released (79.559bn rub. with interest).
In July 2013 Rosneft bought 49% from Itera Holdings Ltd for $2.9bn to become the one holder.
NGK Itera provides gas extraction in Yamalo-Nenets region from 1998. It invested $2bn in the development of the gas sector. Itara is the first private company providing development of gas fields in the North of Russia.
The total output exceeds 250bn m3 of gas over the history.
Itera NGK is a JV set up by Rosneft (51%) and MGK Itera (49%). The proved reserves cover 232.3bn m3 of gas. In 2013 the output is assumed to gain 13bn m3.
The 9-month 2012 net profit rose 18.9% to reach 4.816bn rub.; revenues moved down to 41.524bn rub. from 41.867bn rub.
Rosneft (TIN 7706107510) is the largest oil company in Russia. It has 17.618bn barrel of the crude in reserves. The 2011-output reached 2.586mln barrel/day (2.6% in rise).
The share capital is worth 105.981mln rub. split in 10598177810 common stocks of 0.01 rub. par. The major holder is Rosneftegaz (75.16%). The 2012-net profit added 7.2% (IAS) to gain 342bn rub. from 319bn rub. The revenues rose 13.2% to gain 3.078tril rub. from 2.718tril rub.; EBITDA dropped 8% tо 609bn rub. from 662bn rub.; capital expenses coming to 466bn rub.; free money flow - 45bn rub.
The 2012 net profit (RAS) added 27.8% to reach 302.501bn rub.; revenues being up 28.2% to 2.596tril rub. from 2.025bn rub.; pretax profit - 21% to 345.561bn rub. from 285.07bn rub.